05302016Mon
Last update: Mon, 30 May 2016 08am

Americas

Markets - FXMM - Americas

Dollar rises, investors await US jobs data NEW YORK: The dollar rose against a basket of currencies for a third day on Thursday as traders closed out profitable bets against the greenback before Friday's US payrolls report which may confirm the view the Federal Reserve will not raise interest rates soon. The dollar index, which measures the US dollar's value versus six currencies, fell to its lowest in over 15 months on Tuesday, led by the yen's surge partly on skepticism about whether Japan policy-makers would intervene to slow its rise. "We are seeing some shortcovering lifting the dollar against most major currencies. You can largely attribute it to tomorrow's nonfarm payrolls report," said Ron Simpson, director of currency research at Action Economics in Tampa, Florida.Trading volume was thin as Japanese markets were shut for the Golden Week holiday. They will reopen on Friday. Economists polled by Reuters forecast US employers likely added 202,000 workers in April ...

Markets - FXMM - Americas

Dollar rises as US data ease some growth worries NEW YORK: The dollar rose on Wednesday, rebounding from recent lows against the yen and euro as data on U.S. trade and factory orders eased some worries about the sub-1 percent growth path the world's biggest economy was stuck on in the first quarter.But a surprisingly weak report on private U.S. jobs growth in April and bets the Bank of Japan might not intervene soon to stem the yen's rise could help rekindle further losses ...

Markets - FXMM - Americas

C$ weakens to 2-week low on trade data, oil output fears TORONTO/OTTAWA: The Canadian dollar weakened to a two-week low against the greenback on Wednesday after disappointing domestic trade data and as a wildfire threatened production in the country's oil sands region.Broad-based gains in the US dollar also hurt the loonie, which has rallied more than 13 percent since January. Analysts expect the currency will not be able to hold on to all of those gains.Canada's trade deficit in March unexpectedly widened to a record C$3.41 ...

Markets - FXMM - Americas

Latam markets fall across the board after weak China data BRASILIA: Latin American currencies and stocks fell sharply on Tuesday, erasing part of recent gains after weaker factory data in China dragged commodities prices away from four-month highs.Brazil's Bovespa stock index dropped nearly 2 percent and the broader MSCI Latin American stock index tumbled 3 percent, while currencies dropped more than 1 percent against the US dollar.Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. ...

Markets - FXMM - Americas

Dollar rebounds vs yen, slips against other major currencies NEW YORK: The dollar rose on Monday from its biggest weekly fall in more than seven years against the yen but softened against other major currencies, in particular the euro, which was helped by stronger German manufacturing data. Worries over Japanese policymakers' inability to stem the yen's rise pushed the dollar to an 18-month low of 106.14 yen in the first hours of Asian trade. It later bounced to 106.78 yen, up 0.4 percent on ...

Markets - FXMM - Americas

Brazil's real falls after central bank intervenes BRASILIA: Brazil's real weakened nearly 2 percent on Monday, hurt by a drop in global commodities prices and heavy central bank intervention aimed at curbing gains in the currency, which recently hit eight-month highs.Other Latin American currencies and stock markets saw light traded as holidays in Europe and Asia reduced volumes and risk appetite. Commodities prices fell 0.7 percent as Brent crude fell nearly 2 percent.The Brazilian central bank offered $2 billion in reverse swaps ...

Markets - FXMM - Americas

Yen posts biggest weekly gain since 2008, stocks fall NEW YORK: The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding fresh stimulus to the economy, while stocks in Europe and Wall Street headed lower as earnings failed to inspire higher valuations. US equities fell about 0.7 percent, following declines in Europe where major stock indexes fell 2 percent or more. The yen was on track for its biggest weekly gain since the 2008 financial ...